This Sunday, Shane McMahon will face Kevin Owens in a Hell in a Cell match. And if his past history is any indication, it’s most likely that McMahon will be doing some crazy move that no sane person would be doing. While McMahon will be competing in the ring, he will also be competing in the courtroom as he is suing a company he once invested in.
Two years ago, Shane McMahon bought a $500k stake in EnviroGrow, a company that builds large modules for the purposes of growing marijuana in places where growing marijuana is legal. As more and more states pass laws to legalize marijuana for medicinal and/or recreational reasons, the marijuana business is growing more and more as a legitimate business venture.
The problem was that when McMahon looked into what he was buying into, he started to regret what he was investing in. McMahon went to Colorado to check out a facility that EnviroGrow was building and discovered that it was supposedly “virtually nonexistent.” Now after wanting his money back and the company refused, McMahon is trying to get his investment back.
Founder Joseph Palmieri defended his company, telling the New York Daily News, “EnviroGrow is a viable company. It’s a great little business and it’s up and coming.”
There are two ironies regarding Shane McMahon investing in a marijuana company in the first place. One is that his mother, Linda McMahon, is in President Donald Trump’s cabinet in charge of the Small Business Administration. And members of Trump’s cabinet, especially Attorney General Jeff Sessions, has taken a rather Reefer Madness viewpoint on marijuana.
Another is that marijuana is illegal under WWE’s Wellness Policy. Under the policy, a positive drug test for marijuana will result in a $2,500 fine while a positive test for synthetic marijuana would result in stricter penalties. Maybe it can be spun to say that McMahon invested in a company that doesn’t grow marijuana but builds the facilities to grow marijuana even though it’s still the marijuana industry.